Personal Property Appraisal FAQs
Clear answers to common appraisal questions.
What is a personal property appraisal?
ExpandA personal property appraisal is a professional, written valuation of tangible assets such as antiques, fine art, jewelry, furnishings, and collectibles. Appraisals are prepared in accordance with recognized appraisal standards and provide documented, defensible values for legal, financial, and planning purposes.
Who uses appraisal reports?
ExpandAppraisal reports are used by individuals, families, attorneys, fiduciaries, accountants, insurance providers, and institutions. Reports are designed to support informed decision-making and formal documentation.
When is a professional appraisal required?
ExpandProfessional appraisals are commonly required for estate planning, probate, insurance coverage, charitable contributions, equitable distribution, and fiduciary documentation. In many cases, an appraisal is necessary to meet legal, tax, or insurance requirements.
What types of items can be appraised?
ExpandRoyal Heir Appraisals evaluates a wide range of personal property, including antiques, decorative arts, fine art, jewelry, household contents, and specialty collections. Each assignment is approached with careful research and documentation.
Are your appraisals compliant with professional standards?
ExpandYes. Appraisals are prepared in compliance with recognized professional appraisal standards and include appropriate methodology, market analysis, and supporting documentation.
Do you work with estates and fiduciaries?
ExpandYes. Royal Heir Appraisals regularly works with estates, fiduciaries, and professional advisors, providing clear, well-supported valuation reports suitable for legal and administrative use.
Is the appraisal process confidential?
ExpandYes. All appraisal engagements are handled with discretion and confidentiality. Client information and property details are treated with the utmost care.
Do you offer on-site and remote appraisal services?
ExpandDepending on the scope of the assignment, appraisals may be conducted on-site or through a structured remote process. The appropriate approach is determined during the initial consultation.
How long does the appraisal process take?
ExpandTimeframes vary based on the complexity and size of the assignment. During the initial consultation, you will receive a clear outline of scope, timing, and deliverables.
How do I begin an appraisal engagement?
ExpandAppraisal engagements begin with a consultation to determine scope, purpose, and requirements. From there, a formal engagement agreement is established before work begins.
Royal Heir Appraisals is a division of RH Chillingworth Estate Services.